ACA Reporting Software that Anticipates
Year after year, change is inevitable. But it’s hard to keep track of every rule change, every year. As a requirement, all employers under the Affordable Care Act must report their IRS health benefits statements. Luckily for you, to give you peace of mind, our ACA compliance software allows you to stay ahead of the game with compliance that anticipates. At Viventium our goal is simple, help you simplify reporting, and avoid potential risks or costly penalties.
The Top Five Things your ACA Compliant Payroll Software Will Do
- Determine full and part-time status for each employee
- Track employees’ offers, enrollments, and waivers during initial, ongoing, administrative, and stability periods
- Alert you to ACA penalty exposure for missing and unaffordable offers
- Maintain benefit plan information with employee costs and archive minimum essential and minimum value data for fighting proposed penalties
- Produce year-end ACA forms, including Series 1 and 2 codes, and file them electronically
| Check on your ALE status with this count of full-time equivalent employees
| Choose a visual bar graph or a numerical breakdown – whichever way you want to see your data
| Check our automatically generated list of your employees who might have changes to their status
| Make changes manually, or let our smart system change your employee’s status for you
| Get even more details by clicking on each month
| See exactly which employees are behind the numbers and access their profiles
The Evolution of ACA Compliance: Then and Now
Viventium is dedicated to keeping you informed of the latest payroll developments and assisting you with understanding the ever-increasing
government regulations. This information is not intended as tax or legal advice. We encourage our readers to consult their tax and law advisors.
Viventium was instrumental in helping my company become ACA compliant this past year. After I listened to one of Viventium’s webinars on ACA compliance and reporting requirements, I realized we weren’t doing enough. Viventium’s extremely helpful and responsive service alleviated a huge stress from my shoulders.
Does The Affordable Care Act Affect You in 2022?
For the year 2022, employers with 50 or more full-time employees or equivalents must offer health coverage to full-time employees and file Forms 1094-C and 1095-C with the IRS. Filings are due to the IRS in the first quarter of 2022, and a copy of the 1095-C must be distributed to each employee by January 31, 2023.
Employers who fail to offer health coverage and file Forms 1094-C and 1095-C may be subject to IRS penalties.
State health care reporting is on the rise as an increasing number of states require an employer to report their ACA information on the state level.
Relax. We’re on top of it, and if you are on our service, we’ve got you covered with the latest ACA requirements. We’ll keep you informed on the latest state health care reporting requirements and how you can maintain compliance.
Are You an Applicable Large Employer (ALE) in 2022?
To determine ALE status during the current year, employers use a lookback period during the prior year. If an employer has on average 50 or more full-time employees, including full-time equivalents, during the 2021 lookback period, the employer is an ALE for 2022.
Learn more about the Affordable Care Act by visiting our ACA FAQ page.
Compliance that Anticipates
Viventium’s ACA reporting software helps you stay compliant by delivering live ACA data throughout 2022. At the beginning of 2023, Viventium will prepare and file Forms 1094-C and 1095-C on your behalf.